Skip to main content

Mega Capital Funding Launches New Non-QM Products, No Ratio DSCR

Navi Persaud
Feb 08, 2021
Mega Capital Funding Logo

Mega Capital Funding Inc. is joining a host of companies that have rejoined the Non-QM lending business. The return will feature the company's line of Mega Elites Non-QM and DSCR products, according to a press release.

The new product lineup features alternative income documentation products including three and 12-month bank statement products, CPA and borrower prepared P&L and asset utilization, according to a press release. The lineup also includes Debt Service Coverage Ratio with 1:1 and no ratio options for investment properties.

This offering will be lead by a team comprised of industry and Non-QM veterans, Brian Na, Rikki Danganan, and Will Fisher.

"With our initial proprietary product offering we’ve set out to focus on a specific segment of Non-QM, that will allow our brokers to provide enhanced solutions and our capital partners to achieve their yield goals," said Brian Na, CEO of Mega Capital Funding.

Want more Non-QM news? Click here to subscribe to NMP's Non-QM newsletter.

Published
Feb 08, 2021
Clear Capital Announces 350 New Hires And 170 Job Openings

Clear Capital, a national real estate valuation technology company, announced it has hired more than 350 people so far in 2021, with 170 jobs currently open and accepting applications.

Community
Oct 28, 2021
Fitch To Rate BRAVO 2021-NQM3, Presale Issued

Fitch Ratings assigned its expected ratings to Bravo Residential Funding Trust's 2021-NQM3 supported by 934 loans with a total interest-bearing balance of approximately $346 million as of the cutoff date, according to Fitch.

Non-QM
Oct 28, 2021
Guild Mortgage Announces Medical Professional Mortgage Program

Guild Mortgage introduced a new mortgage product to help medical professionals buy their first home with no down payment.

Industry News
Oct 27, 2021
Mortgage Coach And HomeBinder Partner On New Integration For Homeowners

Mortgage Coach announced a new integration with HomeBinder aimed to help homeowners stay connected with their lenders.

Tech
Oct 27, 2021
Non-QM Lender Angel Oak Appoints David Raju As Group CIO

Firm continues to seek ways to optimize data and improve technology capabilities.

Non-QM
Oct 27, 2021
Evergrande Steadily Repays Debt While Taking On New Risk

Evergrande Chairman Hui Ka Yan has ambitious plans, signaling last Friday that the firm wants to move away from housing and focus on making electric cars. 

Industry News
Oct 26, 2021